The Victorian Government has revealed its election year budget, which the State Treasurer says will herald the most ambitious infrastructure spend for decades.

Most of the $27 billion infrastructure spend is for Melbourne, but there are some projects in regional Victoria.

"This Budget will build a better Victoria," said Treasurer Michael O'Brien, who confirmed the state would also be in surplus.

"If budget surpluses were easy in the current economic conditions, everybody would have them."

Infrastructure

Farming groups have welcomed the $220 million project to upgrade and standardise the state's north-west rail freight lines under the Murray Basin Rail Project.

Another $362 million has been committed to duplicating the Princes Highway between Winchelsea and Colac, while $50 million to remove road freight bottlenecks and more than $40 million to build overtaking lanes in East Gippsland have also been approved by farmers.

However, the Opposition's agriculture spokesperson Jacinta Allan says regional Victoria, or 25 per cent of the population, has missed out.

"Well, regional Victorians have every right to feel dudded, particularly when the can see the billions upon billions that have been spent in metropolitan Melbourne.

"Indeed, only 4 per cent of the total infrastructure funds in Dennis Napthine's Budget is going to regional Victoria."

Victorian Farmers Federation president Peter Tuohey says the agricultural lobby group is happy with the funds regional areas got, but questions if it is a fair share.

"If you look at how regional Victoria is going to be the main income driver and the lack of spending over a large number of years, it is probably a little bit disappointing."

Details

The Victorian Budget forecasts a surplus of $1.3 billion in 2014-15, growing to $3.3 billion by 2017-2018.

Net debt for the state will peak at $23.4 billion before falling to $19 billion by 2016-17.

Despite the surplus, it looks as though the future of the National Centre for Farmer Health, which did not receive any government funds, is in jeopardy.

It is likely to close if a lifeline isn't granted in the Federal Budget next week

In the Budget, Victoria has committed to paying its share, some $30.65 million, to the Murray-Darling Basin Authority.

Other states like New South Wales and South Australia intend to halve funding for the lead agency charged with implementing the Murray-Darling Basin plan.

Reiterating an announcement from March, there is $35 million to boost exports of premium food and beverage products to Asian markets, to be spent over four years.

It includes increased funds for trade missions to and from Asia, research and development to help gain more market access and funds to help the state tailor food and fibre products for Asian markets.

At the end of the funding period, the Victorian Government has announced it will continue to allocate $6 million in base funding every year thereafter.

Now that the government has approval to aerial bait wild dogs in national parks, an additional $1.84 million for aerial and ground baiting of wild dogs has been funded.

There's $2.3 million to help establish the Victorian poppy industry, which is now legal in the state and will have its first harvest during the next financial year.

Mr Tuohey is reasonably happy with the Budget.

"On the whole it is very good, compared to past years."

The State Government says Victorian farmers will also benefit from cuts to red tape.

It says the permit application process to control wildlife (kangaroos) will be simplified, while rules requiring vehicles over three metres in width to obtain a permit to cross a railway will be increased to vehicles over five metres.

Native vegetation offset laws will be changed but the government doesn't say how likewise with rules for livestock crossing major roads.

2014 Election

Victoria will go to the polls in November and the state's agricultural lobby group is watching.

Mr Tuohey says he has his eye on some of the unspent funds.

"There is still flexibility in that Budget for other spends, so certainly we'll be working with the government to point out a few of the missing parts to the jigsaw."